Let the truth be known

[bsm2]

Biden releases 2019 tax returns before 1st debate with Trump

[Phil B.]

Biden releases 2019 tax returns before 1st debate with Trump

Joe and his wife Jill Biden funneled millions in income through a pair of S corporations they set up in Delaware as a way to circumnavigate paying Social Security and Medicare taxes, according to an August opinion article in The Wall Street Journal.
Of the nearly $13.3 million the couple took in primarily through speaking fees and book royalties during the 2017 and 2018 tax years, they claimed just $750,000 in income.
The other 94 percent of the money passed through the corporations as a direct distribution to the Bidens, preventing it from being subject to the 15.3 percent combined Social Security and Medicare tax rate, according to CNBC.

The Internal Revenue Service requires S corps to pay “reasonable compensation” to employee shareholders before making non-wage distributions to them.

[bsm2]

Image someone running for PRESIDENT and pays taxes

Biden paid nearly $300,000 in federal income taxes in 2019

Biden on Tuesday released his 2019 tax returns, which show he and his wife, Jill, paid nearly $300,000 in federal income tax last year and had an adjusted gross income of about $985,000.

Biden's release of his 2019 tax returns come hours before the first presidential debate and two days after The New York Times reported that President Donald Trump paid no federal income taxes whatsoever in 10 out of 15 years beginning in 2000. Trump paid just $750 in federal income taxes in 2016 and 2017, the Times reported. Trump has not released his tax returns to the public.

[bsm2]

[slimslob]

Denial is a river in Egypt.

However you spin it, this is not the kind of blockbuster news you want the same day of a nationally televised Presidential debate.

Trump is going to say it is "fake news, believe me!" and 2/3 rds of America is going to say he is lying though his teeth.

Wrong again, the Nile is the name of the river in Egypt. If you cannot post things that are the truth and back them up with valid links, stay with your own lie threads.

[SalesServiceGuy]

Wrong again, the Nile is the name of the river in Egypt. If you cannot post things that are the truth and back them up with valid links, stay with your own lie threads.

"Fuddle duddle”

denial is a river in Egypt

1. (humorous) Used to point out that somebody is in a state of psychological denial.

[bsm2]

Only the Trump Administration

Clearwater doctors got a PPP loan, then dissolved their practice after giving out $50k in bonuses
In February, a group of doctors in Clearwater decided to cut a partner from their successful practice by legally dissolving and reforming under a new name.

Shortly thereafter, they applied for a PPP loan worth $222,700 and spent it all on the old company, including $50,000 on bonuses.

The old company dissolved on May 31, as planned, but otherwise, not much has changed — they're still operating with the same staff in the same building, just under a new legal name.

The ousted doctor, who is suing his former partners — and whose name is on the PPP loan — is concerned that this is not how the government meant to spend its money.

[Phil B.]

Only the Trump Administration

Clearwater doctors got a PPP loan, then dissolved their practice after giving out $50k in bonuses
In February, a group of doctors in Clearwater decided to cut a partner from their successful practice by legally dissolving and reforming under a new name.

Shortly thereafter, they applied for a PPP loan worth $222,700 and spent it all on the old company, including $50,000 on bonuses.

The old company dissolved on May 31, as planned, but otherwise, not much has changed — they're still operating with the same staff in the same building, just under a new legal name.

The ousted doctor, who is suing his former partners — and whose name is on the PPP loan — is concerned that this is not how the government meant to spend its money.

who filed the application for the loan?

that money HAD to be filed for... Much like Ruth Chris's Steakhouse and Pelosi's Husbands firm...

[Phil B.]

[slimslob]

Only the Trump Administration

Clearwater doctors got a PPP loan, then dissolved their practice after giving out $50k in bonuses
In February, a group of doctors in Clearwater decided to cut a partner from their successful practice by legally dissolving and reforming under a new name.

Shortly thereafter, they applied for a PPP loan worth $222,700 and spent it all on the old company, including $50,000 on bonuses.

The old company dissolved on May 31, as planned, but otherwise, not much has changed — they're still operating with the same staff in the same building, just under a new legal name.

The ousted doctor, who is suing his former partners — and whose name is on the PPP loan — is concerned that this is not how the government meant to spend its money.

who filed the application for the loan?

that money HAD to be filed for... Much like Ruth Chris's Steakhouse and Pelosi's Husbands firm...

Only $222,700? That is nothing compared to Solyndra Inc., Beacon Power and Ener1 received from the Obama administration before going belly up.

Solyndra a California based solar panel manufacturer received a $528 million federal loan.
Beacon Power a Massachusetts energy-storage firm received a $43 million loan guarantee.
Ener1 a New York-based parent company of an electric car battery maker that received a $118 million grant.

That makes for a total of at least $689 million out of the pockets of American tax payers. The federal government also lost the interest revenue from Solyndra and the interest they ended up having to pay on the loan guarantee given to Beacon.

Obama-backed car battery maker goes bankrupt - CBS News